News / Local
Net Seven Real Estate, Munyaradzi Mazenge de-regestered
21 Sep 2015 at 13:59hrs | Views
THE Estate Agents Council of (EAC) Zimbabwe has de-registered the Net Seven Real Estate together with its agent Munyaradzi Mazenge.
EAC had been investigating the Estate agent after clients complained that it was fleecing them.
In a media release, EAC informed members of the public that, "Munyaradzi Mazenge and Net Seven Real Estate were de-registered as an estate agent and agency respectively with effect from 24 June 2015."
It also said, "Members of the public are warned not to conduct business with the above as doing so will be at own risk."
According to some media reports, Mazenge is said to have fleeced an 87-old-year Bulawayo resident of more than $80,000 after he was tasked to sell residential stands on his behalf.
He is said to have sold some of the stands but never deposited the money into the pensioner's bank account.
Police have established that between November 2013 and October 2014, Mazenge agreed to sell 120 residential stands in Rangemore for the complainant.
"He allegedly sold $48,250 worth of stands but never deposited the cash into a CABS bank account as agreed. The victim said he lost a total of $86,505 in the process," said Insp Simango.
Mazenge is alleged to have duped four other residents on whose behalf he sold stands.
"He allegedly fleeced another home seeker of $10,500 after promising to sell her a residential stand in Waterford suburb.
"The homeseeker had paid him in cash but he became dodgy in delivering the piece of land," she said.
EAC had been investigating the Estate agent after clients complained that it was fleecing them.
In a media release, EAC informed members of the public that, "Munyaradzi Mazenge and Net Seven Real Estate were de-registered as an estate agent and agency respectively with effect from 24 June 2015."
It also said, "Members of the public are warned not to conduct business with the above as doing so will be at own risk."
According to some media reports, Mazenge is said to have fleeced an 87-old-year Bulawayo resident of more than $80,000 after he was tasked to sell residential stands on his behalf.
Police have established that between November 2013 and October 2014, Mazenge agreed to sell 120 residential stands in Rangemore for the complainant.
"He allegedly sold $48,250 worth of stands but never deposited the cash into a CABS bank account as agreed. The victim said he lost a total of $86,505 in the process," said Insp Simango.
Mazenge is alleged to have duped four other residents on whose behalf he sold stands.
"He allegedly fleeced another home seeker of $10,500 after promising to sell her a residential stand in Waterford suburb.
"The homeseeker had paid him in cash but he became dodgy in delivering the piece of land," she said.
Source - Byo24News
